Under Armour, Inc.NYSE
Advanced Chart
  • Yesterday, 8:09 AM
    • Telsey Advisory Group downgrades Under Armour (NYSE:UA) to Market Perform from Outperform. The price target is slashed by the firm to $35 from $49.
    • Deutsche Bank moves to a Hold rating on UA from Buy.
    • Cowen and Company lines up the stock at Market Perform after having it at Outperform.
    • Mizuho downgrades to Neutral from Buy and lowers its PT to $32 from $52.
    • Holding its ground is Buckingham Research with a reiteration of a Buy rating and $48 price target. Analyst Scott Krasik says Under Armour is the "best growth story" in consumer and that investors should add to their positions at current levels.
    • SA contributor Stone Fox Capital plays it down the middle. UA still has "stretched valuation" based on the limited earnings growth, but looks interesting closer to $30, observes Stone Fox.
    • UA -1.49% premarket to $32.40 to follow on yesterday's 13% slide.
    | Yesterday, 8:09 AM | 27 Comments
  • Tue, Oct. 25, 12:00 PM
    | Tue, Oct. 25, 12:00 PM | 3 Comments
  • Tue, Oct. 25, 9:23 AM
    • Under Armour (NYSE:UA) is tracking to open at its lowest level in several years after CEO Kevin Plank said the company's growth rate going forward will be "less than expected" and cited margin pressure. Plank appears to be pulling back on some rosy guidance issued at last year's Analyst Day presentation.
    • UA shareholders could take some comfort that the margin pressure called out by Plank is somewhat transitory in nature (sporting good chain liquidations) and the second half of the UA conference call has been more positive, with the long-term potential in new categories (footwear, fashion, lifestyle) spelled out.
    • One interesting point from Plank to consider is the heavy toll Under Armour is paying by competing with Nike for college apparel deals. Is there some buyer's remorse for the 15-year $280M deal signed with UCLA just last May?
    • Under Armour conference call webcast
    • Previously: Under Armour beats by $0.04, beats on revenue (Oct. 25)
    • Previously: Strong growth rates everywhere you look at Under Armour (Oct. 25)
    • Previously: Under Armour plunges on growth warning (Oct. 25)
    • UA -14.70% premarket to $32.34.
    | Tue, Oct. 25, 9:23 AM | 29 Comments
  • Tue, Oct. 25, 9:16 AM
    | Tue, Oct. 25, 9:16 AM | 2 Comments
  • Tue, Oct. 25, 8:37 AM
    • The "growth rate going forward will be less than expected from our Investor Day in 2015," says Under Armour (NYSE:UA) management on the earnings call. Shares -16% premarket.
    | Tue, Oct. 25, 8:37 AM | 124 Comments
  • Tue, Oct. 25, 7:26 AM
    • Under Armour (NYSE:UA) recorded just under $1.5B in revenue in sales in Q3 as the growth story continues.
    • Wholesale revenue was up 19% during the quarter to $1.01B, while direct-to-consumer sales rose 29% to $408M.
    • Apparel revenue increased 18% to $1.021B. Footwear revenue jumped 42% to $278M, jus ahead of the Curry 3 introduction. Accessories sale were up 18% to $121M.
    • Global revenue soared 74% during the quarter (+80% F/X-neutral).
    • Gross margin rate fell 130 bps to 47.5% as liquidations and some promotional activity factored in.
    • The company still sees 2016 revenue of $4.925B. Long-term guidance will be tipped on the conference call.
    • UA flat in premarket action so far.
    • Previously: Under Armour beats by $0.04, beats on revenue (Oct. 25)
    | Tue, Oct. 25, 7:26 AM | 47 Comments
  • Tue, Oct. 25, 7:04 AM
    • Under Armour (NYSE:UA): Q3 EPS of $0.29 beats by $0.04.
    • Revenue of $1.47B (+22.5% Y/Y) beats by $10M.
    • Shares +5% PM.
    • Press Release
    | Tue, Oct. 25, 7:04 AM | 34 Comments
  • Mon, Oct. 24, 5:30 PM
    | Mon, Oct. 24, 5:30 PM | 28 Comments
  • Fri, Oct. 21, 9:09 AM
    • Under Armour (NYSE:UA) will start selling the Curry 3 basketball shoe line next week when the NBA opens its season, according to ESPN.
    • The first colorway of the Curry 3 is called the Dub Nation Heritage and features the colors of the Golden State Warriors (Curry 3 picture).
    • The list price is $140, higher than the initial pricing on the the first Curry shoe, the Curry Two, and the Curry 2.5.
    • Naturally, Nike (NYSE:NKE) has a full slate of new basketball shoes ready for the new NBA season and holiday rush. Notable products include the Kyrie3, LeBron 14, Air Jordan 1 Black Toe and Zoom KD9.
    • Don't count out Adidas (OTCQX:ADDYY, OTCQX:ADDDF) just yet. The company is selling James Harden shoes and is betting on young stars after signing six of the top ten NBA picks this year (Brandon Ingram, Jaylen Brown, Dragan Bender, Kris Dunn, Jamal Murray and Thon Make) .
    | Fri, Oct. 21, 9:09 AM | 7 Comments
  • Thu, Oct. 20, 8:33 AM
    • Harman International Industries (NYSE:HAR) and Under Armour (NYSE:UA) announce they are bringing two new sport headphones to the market.
    • The UA Sport Wireless Heart Rate Headphones and UA Sport Wireless Headphones will hit shelves in November.
    • In an interesting twist, consumers that purchase either the UA Sport Wireless Heart Rate or UA Sport Wireless headphones will receive a complimentary 12-month MapMyRunPremium membership. Under Armour is attempting to build out its UA ecosysytem of connected gadgets.
    • Source: Press Release
    | Thu, Oct. 20, 8:33 AM | 3 Comments
  • Tue, Oct. 18, 11:06 AM
    • Several publications are reporting that Under Armour (NYSE:UA) has won the contract to outfit all major league baseball teams in 2020. The length of the contract or dollar amount isn't known yet.
    • A deal would mark Under Armour's first signing with a major U.S. professional sports league.
    • Stifel Nicolaus keeps it simple in assessing the development, calling it a "big step" for the sports apparel and footwear seller.
    • Shares of UA are up 1.44% to $38.17. The stock hasn't cracked $40 since August and $50 (split-adjusted) for almost a year.
    | Tue, Oct. 18, 11:06 AM | 16 Comments
  • Thu, Oct. 13, 4:41 PM
    • Following Piper Jaffray's annual "Taking Stock With Teens" survey, analyst Erinn Murphy upgrades Under Armour (NYSE:UA) to Overweight from Neutral, saying the findings show on-going traction for the company in the footwear and women's segments.
    • The price target is boosted to $44 from $40 (today's close was $38.18).
    • Also based on the survey results, Zumiez (NASDAQ:ZUMZ) is lifted to Overweight from Neutral, and Estee Lauder (NYSE:EL) is downgraded to Neutral from Overweight.
    • UA +2.15%, ZUMZ +3.15%, EL -0.2% after hours
    | Thu, Oct. 13, 4:41 PM | 6 Comments
  • Mon, Oct. 10, 9:27 AM
    • Under Armour (NYSE:UA) is racing higher in early trading with a positive note out from Wells Fargo.
    • Wells move to an Outperform rating from Market Perform.
    • Investor looking to do their own analysis can check out the Excel model created by SA contributor Alexander Valtsev that allows assumptions to be tested.
    • UA +1.91% premarket to $38.50. Under Armour hasn't closed over $40 since late August.
    | Mon, Oct. 10, 9:27 AM | 11 Comments
  • Tue, Sep. 20, 3:55 PM
    • The Baltimore City Council issued final approval for Under Armour (UA -0.2%) CEO Kevin Plank's massive downtown project.
    • The waterfront development will include Under Armour's headquarters expansion along with a variety of shops, businesses, and manufacturing spaces.
    • Baltimore's mayor is expected to sign the bill next week in a legislative action that will likely keep UA in the city for many years.
    | Tue, Sep. 20, 3:55 PM | 34 Comments
  • Mon, Sep. 19, 12:32 PM
    • Under Armour (UA +0.4%), Callaway Golf (ELY +1.1%), and Nike (NKE +0.1%) are suffering some short-term pain due to the bankruptcy of Golfsmith, according to Retail Dive.
    • The store closings will impact golf apparel, equipment, and footwear sales this quarter, and there's also the matter of outstanding amounts owed to the trio.
    • Naturally, the Golfsmith development is more significant for Callaway Golf than UA or Nike, although all three companies have been resetting golf strategy this year amid worrisome demand in the category.
    • Previously: Golfsmith files bankruptcy (Sept. 14)
    | Mon, Sep. 19, 12:32 PM | 6 Comments
  • Fri, Sep. 16, 3:33 PM
    • Under Armour (UA +1.1%) made the splash it was looking for at the New York Fashion Week with its new UAS higher-end line of clothes.
    • Fashion watchers called the UAS assortment edgy and original, with more of an underground look than preppy casual. The wide variety of products aimed at young professionals even includes coats and suits.
    • Analysts think UAS could add to the company's brand prestige on top of the incremental sales growth.
    • "While there is a built-in male customer base already using the Under Armour performance gear that can likely be converted to UAS, we believe that the aesthetic in the women’s side will help attract a new female customer," observes Sun Robinson Humphrey's Pamela Quintiliano.
    • Under Armour is likely to leverage its notable collection of sports superstars to market the UAS line.
    | Fri, Sep. 16, 3:33 PM | 6 Comments